Eviation Aircraft, a Washington state firm that has constructed a totally electrical commuter airplane, bought a lift this week when Hyannis-based Cape Air, one of many nation’s largest commuter airways, signed a letter of intent to purchase 75 of the Eviation Alice mannequin.
The nine-passenger airplane, which produces no carbon emissions, is predicted to take a maiden flight this 12 months. Cape Air operates greater than 400 regional flights a day to just about 40 cities.
Deploying a fleet of all-electric planes “will significantly reduce carbon emissions,” minimize upkeep and operational prices and provides passengers “a smoother and quieter flight experience,” Cape Air mentioned in a information launch.
“Cape Air remains committed to sustainability, growth, and innovation, and our partnership with Eviation allows for these commitments to become a reality,” mentioned Linda Markham, the airline’s president and CEO.
Home gross sales fall as mortgage charges, costs climb
Sales of beforehand occupied U.S. houses slowed in March to the slowest tempo in almost two years as a swift rise in mortgage charges and record-high costs discouraged would-be homebuyers.
Existing dwelling gross sales fell 2.7% final month from February to a seasonally adjusted annual price of 5.77 million, the National Association of Realtors mentioned Wednesday.
That’s the slowest tempo since June 2020, when gross sales had been working at an annualized price of 4.77 million houses. Sales had been down 4.5% from March 2021.
The slowdown got here as mortgage charges surged, with the typical price on a 30-year fixed-rate dwelling mortgage climbing to about 4.7% by the top of final month. Last week, the typical hit 5% for the primary time in additional than a decade amid persistent excessive inflation. A 12 months in the past, the 30-year price stood at 3.04%, based on Freddie Mac.
Source: www.bostonherald.com”